Vail Resorts will use expanded facility to fund Whistler acquisition

By Tali Rackner

Norfolk, Va., Aug. 8 – Vail Resorts, Inc. plans to expand its existing credit facility and use the proceeds to finance the cash component of its acquisition of and merger with Whistler Blackcomb Holdings, Inc., according to a press release.

The total cash consideration for the acquisition is C$676 million.

Vail Resorts is based in Broomfield, Colo., and operates mountain resorts through its subsidiaries. Whistler Blackcomb is a is a Whistler, B.C.-based company that owns a 75% interest in each of Whistler Mountain Resort LP and Blackcomb Skiing Enterprises LP.

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